Fintel reports that on April 28, 2023, Wedbush maintained coverage of First Foundation (NASDAQ:FFWM) with a Outperform recommendation.
Analyst Price Forecast Suggests 72.88% Upside
As of April 24, 2023, the average one-year price target for First Foundation is 11.22. The forecasts range from a low of 8.08 to a high of $19.95. The average price target represents an increase of 72.88% from its latest reported closing price of 6.49.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for First Foundation is 430MM, an increase of 24.45%. The projected annual non-GAAP EPS is 1.37.
What is the Fund Sentiment?
There are 415 funds or institutions reporting positions in First Foundation. This is an increase of 17 owner(s) or 4.27% in the last quarter. Average portfolio weight of all funds dedicated to FFWM is 0.11%, a decrease of 23.78%. Total shares owned by institutions increased in the last three months by 0.78% to 45,238K shares. 
The put/call ratio of FFWM is 2.16, indicating a bearish outlook.
What are Other Shareholders Doing?
Gmt Capital holds 3,368K shares representing 5.98% ownership of the company. No change in the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 2,281K shares representing 4.05% ownership of the company. In it's prior filing, the firm reported owning 2,195K shares, representing an increase of 3.77%. The firm decreased its portfolio allocation in FFWM by 8.81% over the last quarter.
Macquarie Group holds 1,852K shares representing 3.29% ownership of the company. In it's prior filing, the firm reported owning 1,804K shares, representing an increase of 2.58%. The firm decreased its portfolio allocation in FFWM by 71.88% over the last quarter.
DCCAX - Delaware Small Cap Core Fund holds 1,549K shares representing 2.75% ownership of the company. In it's prior filing, the firm reported owning 1,519K shares, representing an increase of 1.97%. The firm increased its portfolio allocation in FFWM by 7.50% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,492K shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 1,479K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in FFWM by 26.36% over the last quarter.
First Foundation Background Information
(This description is provided by the company.)
First Foundation Inc. and its subsidiaries offer personal banking, business banking, and private wealth management services, including investment, trust, insurance, and philanthropy services. This comprehensive platform of financial services is designed to help clients at any stage in their financial journey. First Foundation is comprised of an extraordinary team of financial professionals united around a single cause: to enable growth-minded individuals and businesses to boldly live the life they imagined and preserve the legacy they've worked so hard to build. The broad range of financial products and services offered by First Foundation are more consistent with those offered by larger financial institutions, while its high level of personalized service, accessibility, and responsiveness to clients is more aligned with community banks and boutique wealth management firms. This combination of an integrated platform of comprehensive financial services and the products along with personalized service differentiates First Foundation from many of its competitors and has contributed to the growth of its client base and business. Services are offered through bank and/or wealth management branch offices in California, Nevada, and Hawaii.
See all First Foundation regulatory filings.This story originally appeared on Fintel.
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